[Introduction] Tencent withdrew its shares from an affiliated company of Weimeng Group, which was due to the latter not operating substantively for many years. China Fund News reporter Qiu Dekun On September 18, Tianyancha showed that recently, Shanghai Weimeng Enterprise Co., Lt

[Introduction] Tencent withdrew its shares from Weimeng Group’s affiliated company, which was caused by the latter’s lack of substantial operations for many years.

China Fund News reporter Qiu Dekun

Weimeng Group told reporters that Shanghai Weimeng Enterprise Co., Ltd. has not had substantial operations for many years, which led to its industrial and commercial changes and has nothing to do with the company's listed entity.

Tencent and other shareholders withdrew their shares

Tianyancha shows that the registered capital of Shanghai Weimeng Enterprise Co., Ltd. has been reduced from approximately 63.0335 million yuan to approximately 56.1872 million yuan, and the shareholders Shenzhen Tencent Entrepreneurship Base Development Co., Ltd. and Suzhou Industrial Park 825 New Media Investment Enterprise (Limited Partnership) and Suzhou Huaying Cultural Industry Investment Enterprise (Limited Partnership) exited.

Equity penetration shows that the actual controller of Shenzhen Tencent Entrepreneurship Base Development Co., Ltd. is Ma Huateng , and the other two exiting shareholders are funds under Huaying Capital. According to the official website of

, Huaying Capital is a comprehensive private equity investment institution. Well-known investment cases include Tiange Interactive , Jinhe Commercial, Weimeng Group and other listed companies.

Weimeng Group responded that the industrial and commercial change of Shanghai Weimeng Enterprise Co., Ltd. was mainly due to the fact that it has not had substantive operations for many years.

Sky Eye Check shows that Shanghai Weimeng Enterprise Co., Ltd. was established on April 16, 2013. The legal representative is Liu Zhiping. Its business scope includes corporate management consulting, corporate marketing planning, web design, business information consulting, software sales, etc. It is now operated by Shenzhen Yizhi Investment Management Center (Limited Partnership) and Shanghai Xiaomeng Investment Management Co., Ltd. jointly hold shares.

Weimob Group "disentangled" the relationship

Weimeng Group emphasized to reporters that Shanghai Weimeng Enterprise Co., Ltd., which has undergone industrial and commercial changes this time, is not Shanghai Weimeng Enterprise Development Co., Ltd., the main body of Weimeng Group's domestic listed company.

The latest data from the Hong Kong Stock Exchange shows that Weimob Group’s shareholders include Tencent Holdings Co., Ltd.

Weimob Group is a merchant that developed from the Tencent ecosystem and has always maintained close cooperation with the Tencent ecosystem.

Recently, Kaiyuan Securities released a research report stating that Weimob Group, as Tencent’s number one social advertising service provider, has closely followed WeChat public accounts, mini programs, cloud services, video accounts and other trends, and has become Tencent’s first batch of partners many times.

"If WeChat stores are connected with WeChat scenes such as video accounts, Moments, communities, and Souyisou in the future, it will also be a good trend for the entire WeChat e-commerce and Tencent e-commerce." Chairman of the Board of Directors of Weimeng Group, CEO Sun Taoyong analyzed during the previous earnings call.

In Sun Taoyong’s view, the opportunities that Weimeng Group obtains from WeChat e-commerce include, in addition to commercialization space for advertising business, the integration of saas (software operation services) products with WeChat e-commerce scenarios.

However, Weimob Group achieved revenue of 867 million yuan in the first half of 2024, a year-on-year decrease of 28.3%. As of the close of trading on September 18, Weimob Group's share price was HK$1.24 per share, with a total market value of HK$3.816 billion.

Editor: Captain

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